Great response, and I share your concern about something like this having the potential to be more profit driven. However, I’d worry much less if there was no speculation at all and just a dividend. I could be wrong, but I don’t think the dividend would be large enough per person, or unstable enough, to lead to public pressure to significantly increase the dividend by increasing profits. You could also set up the dividend to average out and maybe have some sort of reserve, so that way the expectation would be a steady monthly payment that helps augment existing income for people. Also, and again I could be mistaken, but I take it that the SOEs they are discussing are essentially private companies with large state ownership? In that case, it doesn’t seem to me that putting those assets in a fund like that would problems, but I still think the whole point should be the long term collectivization of private assets and not just those owned by the state.
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Great response, and I share your concern about something like this having the potential to be more profit driven. However, I’d worry much less if there was no speculation at all and just a dividend. I could be wrong, but I don’t think the dividend would be large enough per person, or unstable enough, to lead to public pressure to significantly increase the dividend by increasing profits. You could also set up the dividend to average out and maybe have some sort of reserve, so that way the expectation would be a steady monthly payment that helps augment existing income for people. Also, and again I could be mistaken, but I take it that the SOEs they are discussing are essentially private companies with large state ownership? In that case, it doesn’t seem to me that putting those assets in a fund like that would problems, but I still think the whole point should be the long term collectivization of private assets and not just those owned by the state.